December 7, 2016 - Aker Solutions today completed the acquisition of 70 percent of Brazilian C.S.E. Mecânica e Instrumentação Ltda. Aker Solutions in October announced the agreement to buy the majority stake in C.S.E. The agreement includes an option for Aker Solutions to purchase the remaining 30 percent of the company three years from now.... Continue Reading →
Brazil Supreme Court deal might keep Senate head in place
Wed Dec 7, 2016 | Reuters Brazil's Senate President Renan Calheiros waves to journalists in Brasilia, Brazil December 6, 2016. REUTERS/Adriano Machado The Supreme Court is seeking an agreement to resolve Brazil's constitutional crisis that would allow indicted Senate head Renan Calheiros to stay on the job as long as he is not allowed to... Continue Reading →
Brazil’s indicted Senate head removed by Supreme Court
Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said, a move that could put the government's belt-tightening agenda in peril. His replacement on Tuesday by Senator Jorge Vianna of the leftist Workers Party, who... Continue Reading →
Mexico’s Oil Future Now Calls From an International Country Code
“What’s the country code for Australia?” Pemex Chief Executive Office Jose Antonio Gonzalez Anaya asks the six people in his 44th-floor office in Mexico City on Monday afternoon. “Is it 61? This might be our new partner calling.” It is. Andrew Mackenzie, CEO of Melbourne-based BHP Billiton Ltd., was phoning after beating a rival bid to become Petroleos Mexicanos’ first-ever... Continue Reading →
Mexico Oil Auction Succeeds in Drawing World’s Biggest Drillers
Mexico’s first competitive deep-water oil auction surpassed expectations as eight of 10 blocks were awarded to some of the world’s top oil companies. The National Hydrocarbons Commission awarded all four blocks in the oil-rich Perdido Basin, where the geology is said to mirror the U.S. side of the Gulf of Mexico, to companies including Total SA, CNOOC... Continue Reading →
FPSO CONVERSION: LIBRA FPSO IS OFFICIALLY NAMED!
December 2, 2016 “We are very honored that our FPSO will be the first to produce oil from Brazil’s massive Libra field.” December 2 marked the naming ceremony of FPSO Pioneiro de Libra, which is owned through a 50/50 joint venture between Odebrecht Oil & Gasand Teekay Offshore (OOGTK joint venture). The ceremony took place at the Jurong... Continue Reading →
Mexico says Total, ExxonMobil win block in deep water oil auction
Mon Dec 5, 2016 The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo Mexico awarded a consortium comprised by Total and ExxonMobil the second block tendered from the Gulf of Mexico's Perdido Fold Belt off... Continue Reading →
Chevron, Pemex, Inpex win block in Mexico deep water oil auction
Mon Dec 5, 2016 The logo of Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD 24 OCT' FOR ALL IMAGES - RTX2Q59C Mexico awarded a consortium of Chevron, Pemex and Inpex Corporation the third block tendered from... Continue Reading →
Murphy, Ophir-led consortium wins block in Mexico oil auction
Mon Dec 5, 2016 Mexico awarded a consortium of Murphy Sur, Ophir Mexico Holdings, PC Carigali Mexico and Sierra Offshore Exploration the fifth block tendered from the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 5 is a 993.5 square mile (2,573.2 square km) block which... Continue Reading →
China Offshore Oil wins two Mexico Perdido blocks in deep water auction
Mon Dec 5, 2016 A logo is seen on the wall at the entrance of China National Offshore Oil Corp (CNOOC) office tower in Beijing, March 20, 2013. REUTERS/Petar Kujundzic Mexico awarded China Offshore Oil Corporation the fourth block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a... Continue Reading →
Brazil Energy Insight 